How China’s chip production boomed in 2023 despite sanctions

News Snapshot:

It's been an interesting few years for Huawei. After the Chinese giant's initial struggle with the US trade sanctions, it would end up with a surprise mobile resurgence featuring homegrown processors — ones that are just two generations behind the competition. Not only that, the Chinese government has since allocated billions of dollars to boost its silicon industry, so much that Huawei is already working towards a self-sufficient chip network. It's as if former President Donald Trump's earlier attempts to starve Huawei of vital inputs eventually accelerated China's semiconductor development. Trump's first strike on Huawei was the declaration of a...